AN
INVESTMENT IN THE FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THE FUND
INVOLVES
INVESTMENT RISKS, AND YOU MAY LOSE MONEY IN THE
FUND. |
|
|
|
Class
P |
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1 |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
P Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Class
P Shares |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
Bloomberg
U.S. Aggregate Bond Index (reflects no deduction for fees or
expenses) |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
P |
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waiver and Expense Limitation1 |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
P Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Class
P Shares |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
Bloomberg
U.S. Aggregate Bond Index (reflects no deduction for fees or
expenses) |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
P |
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waiver and Expense Limitation1 |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
P Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Class
P Shares |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
Bloomberg
Global Aggregate Bond Index (Gross, USD, Hedged) (reflects no deduction
for fees or expenses) |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
P |
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1 |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
P Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Class
P Shares |
|
|
|
Returns
Before Taxes |
- |
- |
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
- |
|
Bloomberg
US Aggregate Bond Index (reflects no deduction for fees or
expenses) |
- |
- |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
P |
Management
Fees |
|
Other
Expenses |
|
Acquired
Fund Fees and Expenses |
|
Total
Annual Fund Operating Expenses1 |
|
Fee
Waiver and Expense Limitation2 |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation1 |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
P Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Class
P Shares |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
ICE
BofAML Three-Month U.S. Treasury Bill Index (reflects no deduction for
fees or expenses) |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVEs |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10
Percent of total assets (italic type)
10 Percent
of net assets (excluding borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund
— Not
permitted |
Bond
Fund |
Core
Fixed
Income
Fund |
Global
Core
Fixed
Income
Fund |
Income
Fund |
Strategic
Income
Fund |
Investment
Practices |
|
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Credit,
Currency, Interest Rate, Total Return and Mortgage Swaps and Options on
Swaps |
• |
• |
• |
• |
• |
Cross
Hedging of Currencies |
• |
• |
• |
• |
• |
Custodial
Receipts and Trust Certificates |
• |
• |
• |
• |
• |
Direct
Equity investment |
|
|
|
10 |
|
Foreign
Currency Transactions |
• |
•4 |
• |
• |
• |
Futures
Contracts and Options and Swaps on Futures Contracts |
• |
• |
• |
• |
• |
Illiquid
Investments* |
15 |
15 |
15 |
15 |
15 |
Interest
Rate Floors, Caps and Collars |
• |
• |
• |
• |
• |
Investment
Company Securities (including ETFs)** |
10 |
10 |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
• |
• |
• |
• |
• |
Options1
|
• |
• |
• |
• |
• |
Options
on Foreign Currencies2
|
• |
• |
• |
• |
• |
Repurchase
Agreements |
• |
• |
• |
• |
• |
Reverse
Repurchase Agreements |
• |
• |
• |
• |
• |
Short
Sales3 |
• |
• |
— |
• |
• |
When-Issued
Securities and Forward Commitments |
• |
• |
• |
• |
• |
10 Percent
of total assets (italic type)
10 Percent
of net assets (including borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund
— Not
permitted |
Bond
Fund |
Core
Fixed
Income
Fund |
Global
Core
Fixed
Income
Fund |
Income
Fund |
Strategic
Income
Fund |
Investment
Securities |
|
|
|
|
|
Asset-Backed
Securities |
• |
• |
• |
• |
• |
Bank
Obligations |
• |
• |
• |
• |
• |
Collateralized
Loan Obligations |
• |
• |
• |
• |
• |
Convertible
Securities |
• |
• |
— |
• |
• |
Corporate
Debt Obligations
and
Trust Preferred Securities |
• |
• |
• |
•1 |
• |
Emerging
Country Securities |
15 |
10 |
•2 |
35 |
• |
Equity
Investments |
|
|
|
10 |
|
Floating
and Variable Rate Obligations |
• |
• |
• |
• |
• |
Foreign
Government Securities |
|
|
|
• |
|
Foreign
Securities3
|
• |
•4 |
• |
• |
• |
Inflation
Protected Securities |
• |
• |
• |
• |
• |
Loan
Participations and Loan Assignments |
• |
— |
— |
• |
• |
Mortgage-Related
Securities |
|
|
|
|
|
Adjustable
Rate Mortgage Loans |
• |
• |
• |
• |
• |
Collateralized
Mortgage Obligations |
• |
• |
• |
• |
• |
Fixed
Rate Mortgage Loans |
• |
• |
• |
• |
• |
Government
Issued Mortgage-Backed Securities |
• |
• |
• |
• |
• |
Multiple
Class Mortgage-Backed Securities |
• |
• |
• |
• |
• |
Privately
Issued Mortgage-Backed Securities |
• |
• |
• |
• |
• |
Stripped
Mortgage-Backed Securities |
• |
• |
• |
• |
• |
Non-Investment
Grade Fixed Income Securities |
25 |
—5 |
—5 |
• |
• |
Preferred
Stock, Warrants and Rights |
• |
• |
— |
10 |
• |
Structured
Securities (which may include credit linked notes)6
|
• |
• |
• |
• |
• |
Taxable
Municipal Securities |
• |
• |
• |
• |
• |
Tax-Free
Municipal Securities |
• |
• |
• |
• |
• |
Temporary
Investments |
• |
• |
• |
• |
• |
U.S.
Government Securities |
• |
• |
• |
• |
• |
Yield
Curve Options and Inverse Floating Rate Securities |
• |
• |
• |
• |
• |
Zero
Coupon, Deferred Interest, Pay-In-Kind and Capital Appreciation
Bond |
• |
• |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
Bond
Fund |
Core
Fixed
Income
Fund |
Global
Core
Fixed
Income
Fund |
Income
Fund |
Strategic
Income
Fund |
Call/Prepayment |
• |
• |
• |
• |
• |
Collateralized
Loan Obligations and Other Collateralized Debt
Obligations |
✓ |
✓ |
✓ |
✓ |
✓ |
Counterparty |
• |
• |
• |
• |
• |
Credit/Default |
✓ |
✓ |
✓ |
✓ |
✓ |
Cybersecurity |
• |
• |
• |
• |
• |
Derivatives |
✓ |
✓ |
✓ |
✓ |
✓ |
Emerging
Countries |
✓ |
✓ |
✓ |
✓ |
✓ |
ESG
Integration |
• |
• |
• |
• |
• |
Extension |
• |
• |
• |
• |
• |
Floating
and Variable Rate Obligations |
• |
• |
• |
✓ |
✓ |
Foreign |
✓ |
✓ |
✓ |
✓ |
✓ |
Geographic |
• |
• |
• |
• |
• |
Interest
Rate |
✓ |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
✓ |
Leverage |
• |
• |
• |
• |
• |
Liquidity |
• |
• |
• |
✓ |
✓ |
Loan-Related
Investments |
• |
|
|
✓ |
✓ |
Management |
• |
• |
• |
✓ |
✓ |
Market |
✓ |
✓ |
✓ |
✓ |
✓ |
Mortgage-Backed
and Other Asset-Backed Securities |
✓ |
✓ |
✓ |
✓ |
✓ |
Municipal
Securities |
• |
• |
• |
✓ |
✓ |
NAV |
• |
• |
• |
• |
• |
Non-Hedging
Foreign Currency Trading |
• |
• |
• |
✓ |
✓ |
Non-Investment
Grade Fixed Income Securities |
✓ |
|
|
✓ |
✓ |
Other
Investment Companies |
✓ |
✓ |
✓ |
✓ |
✓ |
Portfolio
Turnover Rate |
✓ |
✓ |
✓ |
|
✓ |
Reverse
Repurchase Agreements |
✓ |
✓ |
✓ |
✓ |
✓ |
Sector |
• |
• |
• |
• |
• |
Short
Position |
✓ |
✓ |
|
✓ |
✓ |
Sovereign
Default |
|
|
|
|
|
Economic |
• |
• |
✓ |
✓ |
✓ |
Political |
• |
• |
✓ |
✓ |
✓ |
Repayment |
• |
• |
✓ |
✓ |
✓ |
Stock |
|
|
|
• |
|
Treasury
Inflation Protected Securities |
• |
• |
• |
• |
• |
U.S.
Government Securities |
✓ |
✓ |
✓ |
✓ |
✓ |
INVESTMENT
ADVISERS |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, New York 10282United States of America |
Bond
Core
Fixed Income
Income
Strategic
Income |
Goldman
Sachs Asset Management International (“GSAMI”)
Plumtree
Court
25
Shoe Lane
London,
England EC4A 4AUUnited Kingdom |
Global
Core Fixed Income |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund: |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal
Year
Ended
March
31, 2023* |
Bond |
0.41% |
First $1
Billion |
0.40% |
|
0.37% |
Next $1
Billion |
|
|
0.35% |
Next $3
Billion |
|
|
0.34% |
Next $3
Billion |
|
|
0.34% |
Over $8
Billion |
|
Core
Fixed Income |
0.40% |
First $1
Billion |
0.33% |
|
0.36% |
Next $1
Billion |
|
|
0.34% |
Next $3
Billion |
|
|
0.33% |
Next $3
Billion |
|
|
0.32% |
Over $8
Billion |
|
Global
Core Fixed Income |
0.65% |
First $1
Billion |
0.56% |
|
0.59% |
Next $1
Billion |
|
|
0.56% |
Next $3
Billion |
|
|
0.55% |
Next $3
Billion |
|
|
0.54% |
Over $8
Billion |
|
Income |
0.55% |
First $1
Billion |
0.55% |
|
0.50% |
Next $1
Billion |
|
|
0.47% |
Next $3
Billion |
|
|
0.46% |
Next $3
Billion |
|
|
0.45% |
Over $8
Billion |
|
Strategic
Income |
0.60% |
First $1
Billion |
0.59% |
|
0.54% |
Next $1
Billion |
|
|
0.51% |
Next $3
Billion |
|
|
0.50% |
Next $3
Billion |
|
|
0.49% |
Over $8
Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year Employment History |
Simon
Dangoor
Managing
Director |
Portfolio
Manager—
Global
Core Fixed Income |
Since
2019 |
Mr.
Dangoor is Head of Macro Rates Investing within GSAM’s Fixed
Income
team. He also leads the Government and Swap Strategy in
London
and is a member of the Fixed Income Strategy Group.
Mr.
Dangoor joined the Investment Adviser in 2004. |
Sophia
Ferguson
Vice
President |
Portfolio
Manager—
Global
Core Fixed Income |
Since
2022 |
Ms.
Ferguson is a portfolio manager with GSAM’s Fixed Income
team.
She joined GSAM in November 2019 as a portfolio manager
on
the Fixed Income team focused on global multi-secotr credit an
investment
grade strategies. Previously, Ms. Ferguson was a
portfolio
manager at State Street Global Advisors, where she
focused
on active fixed income and currency portfolio management,
originating
and implementing alpha strategies. |
Ashish
Shah
Managing
Director,
Chief
Investment Officer of Public
Investing |
Portfolio
Manager—
Bond
Core
Fixed Income
Income
Strategic
Income |
Since
2019
2019
2019
2019 |
Mr.
Shah is Chief Investment Officer of Public Investing. Mr. Shah
joined
the Investment Adviser in 2018. Mr. Shah was previously at
AllianceBernstein
from 2010 to 2018, where he was most recently
the
Head of Fixed Income and Chief Investment Officer of Global
Credit. |
Ron
Arons
Managing
Director |
Portfolio
Manager—
Bond
Core
Fixed Income
Income
Strategic
Income |
Since
2022
2022
2019
2022 |
Mr.
Arons joined the Investment Adviser as a fixed income portfolio
manager
in 2010. |
Aakash
Thombre, CFA
Vice
President |
Portfolio
Manager—
Income |
Since
2020 |
Mr.
Thombre is a portfolio manager specializing in multi-sector
credit,
high yield, bank loan, and emerging market corporate debt.
He
joined the Investment Adviser in
2007. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Fund |
Investment
Income
Dividends |
Capital
Gains
Distributions | |
Declared |
Paid |
Declared
and Paid | |
Bond |
Daily |
Monthly |
Annually |
Core
Fixed Income |
Daily |
Monthly |
Annually |
Global
Core Fixed Income |
Daily |
Monthly |
Annually |
Income
Fund |
Daily |
Monthly |
Annually |
Strategic
Income |
Monthly |
Monthly |
Annually |
Important
Notice: |
Class
P Shares generally are available to the following
investors: |
◼Clients
of the Goldman Sachs Private Wealth Management business unit (“GS PWM”)
that custody their positions at
Goldman
Sachs & Co. LLC (“Goldman Sachs”); |
◼Clients
of The Goldman Sachs Trust Company, N.A. or The Goldman Sachs Trust
Company of Delaware (collectively, the
“Trust
Companies”) that custody their positions at Goldman
Sachs; |
◼Clients
of The Ayco Company, L.P. (“Ayco”) that either custody their positions at
Goldman Sachs or with certain
intermediaries
that are authorized to offer Class P Shares (“Authorized Institutions”)
(such clients of GS PWM, the Trust
Companies,
and Ayco are collectively referred to herein as “GS Clients”);
or |
◼Other
investors at the discretion of Goldman Sachs Trust’s (the “Trust”)
officers. |
You
may only purchase Class P Shares in accordance with the eligibility
criteria described above. If you are a GS Client and
propose
to transfer your shares to another institution for any reason, or if you
are no longer a GS Client, you may be required to
redeem
your shares of the Fund, or at the discretion of the Trust’s officers, you
may be able hold Class P Shares through another
institution,
which must be an Authorized Institution and the basis on which you hold
such Class P Shares may be limited to hold
and
redeem only. If available in such circumstances, in the alternative you
may be able to choose to exchange your shares of the
Fund
for a different share class offered by the Fund or another Goldman Sachs
Fund, which may be offered in another
Prospectus.
There is no guarantee that a different share class offered by the Fund
will be available to clients of the institution to
which
you intend to transfer your shares or that an option to exchange will be
made available. Moreover, the shares you receive
in
any exchange are subject to different (and possibly higher) fees and
expenses (which affect performance). Information
regarding
these other share classes may be obtained from the institution to which
you intend to transfer your shares or from the
Transfer
Agent by calling the number on the back cover of the
Prospectus. |
A
redemption is a taxable transaction for federal income tax purposes, and
may also be subject to state and local taxes. You
should
consult your tax adviser concerning the potential tax consequences of
investing in Class P Shares. None of the Trust, the
Investment
Adviser, Goldman Sachs, the Trust Companies, Ayco or an Authorized
Institution will be responsible for any loss in
an
investor’s account or tax liability resulting from a redemption or
exchange of Class P Shares. For more information about
exchanges,
please see “How to Sell Shares—Can I Exchange My Investment From One
Goldman Sachs Fund To Another
Goldman
Sachs Fund.” |
How
To Buy Shares |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
How
To Sell Shares |
Shareholder
Services |
Restrictions
on Excessive Trading
Practices |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
Portfolio Securities and
Techniques |
|
Goldman
Sachs Bond Fund | |||||||||
|
Class
P Shares | |||||||||
|
Year
Ended March 31, |
Period
Ended
March
31, 2019(a) | ||||||||
|
2023 |
2022 |
2021 |
2020 | ||||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$9.82 |
$10.53 |
$10.33 |
$10.05 |
$9.87 | |||||
Net
investment income(b) |
0.29 |
0.19 |
0.26 |
0.28 |
0.27 | |||||
Net
realized and unrealized gain (loss) |
(0.86
) |
(0.66
) |
0.47 |
0.32 |
0.19 | |||||
Total
from investment operations |
(0.57
) |
(0.47
) |
0.73 |
0.60 |
0.46 | |||||
Distributions
to shareholders from net investment income |
(0.23
) |
(0.14
) |
(0.34
) |
(0.32
) |
(0.26
) | |||||
Distributions
to shareholders from net realized gains |
— |
— |
(0.19
) |
— |
— | |||||
Distributions
to shareholders from return of capital |
(0.09
) |
(0.10
) |
— |
— |
(0.02
) | |||||
Total
distributions |
(0.32
) |
(0.24
) |
(0.53
) |
(0.32
) |
(0.28
) | |||||
Net
asset value, end of period |
$8.93 |
$9.82 |
$10.53 |
$10.33 |
$10.05 | |||||
Total
return(c) |
(5.77
)% |
(4.60
)% |
6.93
% |
6.03
% |
4.72
% | |||||
Net
assets, end of period (in 000s) |
$85,915 |
$87,773 |
$94,092 |
$81,064 |
$87,881 | |||||
Ratio
of net expenses to average net assets |
0.45
% |
0.44
% |
0.44
% |
0.44
% |
0.44
%(d) | |||||
Ratio
of total expenses to average net assets |
0.68
% |
0.62
% |
0.59
% |
0.60
% |
0.67
%(d) | |||||
Ratio
of net investment income to average net assets |
3.24
% |
1.79
% |
2.37
% |
2.69
% |
3.00
%(d) | |||||
Portfolio
turnover rate(e) |
1,007
% |
627
% |
690
% |
742
% |
429
% |
(a) |
Commenced
operations on April 20, 2018. |
(b) |
Calculated
based on the average shares outstanding
methodology. |
(c) |
Assumes
investment at the NAV at the beginning of the period, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the period and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund shares. Total returns for
periods
less
than one full year are not annualized. |
(d) |
Annualized. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Core Fixed Income Fund | |||||||||
|
Class
P Shares | |||||||||
|
Year
Ended March 31, |
Period
Ended
March
31, 2019(a) | ||||||||
|
2023 |
2022 |
2021 |
2020 | ||||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$10.16 |
$10.82 |
$10.85 |
$10.47 |
$10.20 | |||||
Net
investment income(b) |
0.27 |
0.16 |
0.18 |
0.27 |
0.28 | |||||
Net
realized and unrealized gain (loss) |
(0.80
) |
(0.61
) |
0.29 |
0.50 |
0.27 | |||||
Total
from investment operations |
(0.53
) |
(0.45
) |
0.47 |
0.77 |
0.55 | |||||
Distributions
to shareholders from net investment income |
(0.24
) |
(0.17
) |
(0.25
) |
(0.31
) |
(0.28
) | |||||
Distributions
to shareholders from net realized gains |
— |
— |
(0.25
) |
(0.08
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.05
) |
(0.04
) |
— |
— |
— | |||||
Total
distributions |
(0.29
) |
(0.21
) |
(0.50
) |
(0.39
) |
(0.28
) | |||||
Net
asset value, end of period |
$9.34 |
$10.16 |
$10.82 |
$10.85 |
$10.47 | |||||
Total
return(c) |
(5.12
)% |
(4.25
)% |
4.18
% |
7.41
% |
5.50
% | |||||
Net
assets, end of period (in 000s) |
$648,289 |
$690,242 |
$809,047 |
$704,747 |
$595,010 | |||||
Ratio
of net expenses to average net assets |
0.37
% |
0.37
% |
0.36
% |
0.40
% |
0.44
%(d) | |||||
Ratio
of total expenses to average net assets |
0.47
% |
0.46
% |
0.46
% |
0.50
% |
0.52
%(d) | |||||
Ratio
of net investment income to average net assets |
2.90
% |
1.47
% |
1.60
% |
2.47
% |
2.91
%(d) | |||||
Portfolio
turnover rate(e) |
884
% |
489
% |
575
% |
693
% |
396
% |
(a) |
Commenced
operations on April 20, 2018. |
(b) |
Calculated
based on the average shares outstanding
methodology. |
(c) |
Assumes
investment at the NAV at the beginning of the period, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the period and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund shares. Total returns for
periods
less
than one full year are not annualized. |
(d) |
Annualized. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Global Core Fixed Income Fund | |||||||||
|
Class
P Shares | |||||||||
|
Year
Ended March 31, |
Period
Ended
March
31, 2019(a) | ||||||||
|
2023 |
2022 |
2021 |
2020 | ||||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$11.99 |
$12.72 |
$12.71 |
$12.46 |
$12.10 | |||||
Net
investment income(b) |
0.21 |
0.11 |
0.19 |
0.18 |
0.21 | |||||
Net
realized and unrealized gain (loss) |
(0.74
) |
(0.65
) |
0.53 |
0.47 |
0.36 | |||||
Total
from investment operations |
(0.53
) |
(0.54
) |
0.72 |
0.65 |
0.57 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.15
) |
(0.36
) |
(0.24
) |
(0.21
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.04
) |
(0.35
) |
(0.16
) |
— | |||||
Total
distributions |
(0.27
) |
(0.19
) |
(0.71
) |
(0.40
) |
(0.21
) | |||||
Net
asset value, end of period |
$11.19 |
$11.99 |
$12.72 |
$12.71 |
$12.46 | |||||
Total
return(c) |
(4.33
)% |
(4.23
)% |
5.49
% |
5.22
% |
4.77
% | |||||
Net
assets, end of period (in 000s) |
$7,323 |
$8,160 |
$8,889 |
$7,900 |
$8,170 | |||||
Ratio
of net expenses to average net assets |
0.59
% |
0.62
% |
0.68
% |
0.68
% |
0.69
%(d) | |||||
Ratio
of total expenses to average net assets |
0.85
% |
0.82
% |
0.82
% |
0.78
% |
0.87
%(d) | |||||
Ratio
of net investment income to average net assets |
1.89
% |
0.88
% |
1.40
% |
1.38
% |
1.82
%(d) | |||||
Portfolio
turnover rate(e) |
689
% |
461
% |
522
% |
610
% |
302
% |
(a) |
Commenced
operations on April 20, 2018. |
(b) |
Calculated
based on the average shares outstanding
methodology. |
(c) |
Assumes
investment at the NAV at the beginning of the period, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the period and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund shares. Total returns for
periods
less
than one full year are not annualized. |
(d) |
Annualized. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Income Fund | |||||||
|
Class
P Shares | |||||||
|
Year
Ended March 31, |
Period
Ended
March
31, 2020(a) | ||||||
|
2023 |
2022 |
2021 | |||||
Per
Share Data |
|
|
|
| ||||
Net
asset value, beginning of period |
$9.55 |
$10.25 |
$8.88 |
$10.00 | ||||
Net
investment income(b) |
0.44 |
0.36 |
0.36 |
0.12 | ||||
Net
realized and unrealized gain (loss) |
(0.79
) |
(0.60
) |
1.44 |
(1.11
) | ||||
Total
from investment operations |
(0.35
) |
(0.24
) |
1.80 |
(0.99
) | ||||
Distributions
to shareholders from net investment income |
(0.65
) |
(0.37
) |
(0.39
) |
(0.13
) | ||||
Distributions
to shareholders from net realized gains |
— |
(0.09
) |
(0.04
) |
— | ||||
Distributions
to shareholders from return of capital |
(0.01
) |
— |
— |
— | ||||
Total
distributions |
(0.66
) |
(0.46
) |
(0.43
) |
(0.13
) | ||||
Net
asset value, end of period |
$8.54 |
$9.55 |
$10.25 |
$8.88 | ||||
Total
return(c) |
(3.52
)% |
(2.53
)% |
20.35
% |
(10.03
)% | ||||
Net
assets, end of period (in 000s) |
$50,736 |
$73,188 |
$89,424 |
$809 | ||||
Ratio
of net expenses to average net assets |
0.63
% |
0.63
% |
0.63
% |
0.60
%(d) | ||||
Ratio
of total expenses to average net assets |
1.06
% |
0.97
% |
1.10
% |
0.63
%(d) | ||||
Ratio
of net investment income to average net assets |
5.02
% |
3.48
% |
3.46
% |
3.76
%(d) | ||||
Portfolio
turnover rate(e) |
469
% |
139
% |
363
% |
110
% |
(a) |
Commenced
operations on December 03, 2019. |
(b) |
Calculated
based on the average shares outstanding
methodology. |
(c) |
Assumes
investment at the NAV at the beginning of the period, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the period and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund shares. Total returns for
periods
less
than one full year are not annualized. |
(d) |
Annualized. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Strategic Income Fund | |||||||||
|
Class
P Shares | |||||||||
|
Year
Ended March 31, |
Period
Ended
March
31, 2019(a) | ||||||||
|
2023 |
2022 |
2021 |
2020 | ||||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$9.13 |
$9.40 |
$8.47 |
$9.27 |
$9.62 | |||||
Net
investment income(b) |
0.27 |
0.12 |
0.34 |
0.29 |
0.33 | |||||
Net
realized and unrealized gain (loss) |
(0.09
) |
(0.20
) |
0.99 |
(0.77
) |
(0.35
) | |||||
Total
from investment operations |
0.18 |
(0.08
) |
1.33 |
(0.48
) |
(0.02
) | |||||
Distributions
to shareholders from net investment income |
— |
— |
(0.38
) |
(0.01
) |
(0.06
) | |||||
Distributions
to shareholders from return of capital |
(0.32
) |
(0.19
) |
(0.02
) |
(0.31
) |
(0.27
) | |||||
Total
distributions |
(0.32
) |
(0.19
) |
(0.40
) |
(0.32
) |
(0.33
) | |||||
Net
asset value, end of period |
$8.99 |
$9.13 |
$9.40 |
$8.47 |
$9.27 | |||||
Total
return(c) |
1.87
% |
(0.71
)% |
15.53
% |
(5.31
)% |
(0.12
)% | |||||
Net
assets, end of period (in 000s) |
$158,372 |
$221,056 |
$268,868 |
$235,966 |
$336,979 | |||||
Ratio
of net expenses to average net assets |
0.69
% |
0.67
% |
0.68
% |
0.67
% |
0.64
%(d) | |||||
Ratio
of total expenses to average net assets |
0.78
% |
0.73
% |
0.70
% |
0.69
% |
0.68
%(d) | |||||
Ratio
of net investment income to average net assets |
2.99
% |
1.27
% |
3.62
% |
3.18
% |
3.84
%(d) | |||||
Portfolio
turnover rate(e) |
1,026
% |
416
% |
722
% |
491
% |
169
% |
(a) |
Commenced
operations on April 20, 2018. |
(b) |
Calculated
based on the average shares outstanding
methodology. |
(c) |
Assumes
investment at the NAV at the beginning of the period, reinvestment of all
distributions, a complete redemption of the investment at the NAV at
the end
of
the period and no sales or redemption charges (if any). Total returns
would be reduced if a sales or redemption charge was taken into account.
Returns do
not
reflect the impact of taxes to shareholders relating to Fund distributions
or the redemption of Fund shares. Total returns for periods less than one
full year
are
not annualized. |
(d) |
Annualized. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
FOR
MORE INFORMATION |
|
|
|
◼ By
telephone: |
1-800-621-2550 |
|
◼ By
mail: |
Goldman
Sachs Funds
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|